First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Trading 3% Higher – Here’s Why

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s share price traded up 3% on Friday . The company traded as high as $17.25 and last traded at $17.25. 532 shares traded hands during trading, a decline of 75% from the average session volume of 2,116 shares. The stock had previously closed at $16.75.

First Real Estate Investment Trust of New Jersey Stock Performance

The stock’s fifty day moving average is $17.62 and its two-hundred day moving average is $17.36.

First Real Estate Investment Trust of New Jersey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.58 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.32 dividend on an annualized basis and a yield of 13.45%. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is presently 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.